All Forum Posts by: Matt Cramer

I work with several investors who buy cash and we are always looking for more deals. Let me know if you come across anything or have anything in the works. 

Yea if you are having it run by someone who does it for a living figure $750-$1500 from what I've heard. 

It all depends on how many ads you are testing. It's tough to test an ad for less than 300-500 but that's only for testing. I have heard of many people who spent upwards of $4000-$5000 in getting the ad right to get results. However I have also heard of people capable of getting an ad to convert for under $1000. It just depends on your luck with response and your ability to write great ad copy. Facebook is usually a much easier way to go because you can use pictures. 

Also with adwords you can run banners on some sites and not others so it can be customized a lot or a little and it all effects what you will spend. 

I've never used this specific companies coaching, but I highly recommend coaching.  I think it's a very great way to learn. I know it's pretty expensive but my coach earns his keep without a doubt. But look around when you are looking for a coach and expect to pay $150-$500 an hour for a great coach. 

I'd really like to hear what others have to say about this companies coaching though.

Numbers are number. Do your analysis, if the numbers work be confident if they do not work move on. 

Honestly the lists I have always went after was the houses in auction. I would manually write them out as they called them off at the auction. Then I would attempt to reach the owner and if possible purchase the right of redemption and wholesale the property. 

Just be sure it isn't a headache. No amount of ROI is worth massive amounts of headaches and stress. If it's a rough area you wouldn't yourself live in I may reconsider it. I personally want nice areas where the people living there are going to take good care of it. Not that lower income tenants can't take care of things but I hear more about them not doing so vs the middle america tenants.

When I send letters I look up the Taxable value. I know that if a house is in good condition in our market the value is quite often 2-2.3 times the Tax value. I usually play 1.5x the tax value to be safe and mail only those but it depends on the amount of mailings you can send at that number. 

Sometimes agents are able to pull up the original mortgage amount on the home and that could give you an idea of equity however the best way I've found is to get a response from the person in default and talk to them. 

Check with other agents, investors or loan officers who works with investors to find a good contractor. Someone with a reputation for getting things done on time and under budget. Then get them to give you a solid quote. 

Nathan, 

FHA is a great way to go and as far as the one year rule... I recently stumbled upon a situation where the individual was selling an FHA home after living there only 3 months. After talking with a lender on what FHA had to say about it he said that FHA requires you to INTEND to live in the home for at least a year and that he wouldn't not inquire any penalties. Something to keep in mind if anything comes up however make sure to check with the rules on this with a lender in your area or an attorney before you move out and buy a new property.